The departing co-chief executive Noble Group was paid more than $20m in 2017 as the troubled commodity trader slumped to a record $5bn loss and headed for a restructuring that will all but wipe out shareholders and some bondholders.
Jeff Frase, who ran the oil and gas businesses at Singapore-listed Noble, took home $3.4m in share-based payments and almost $17m in other so-called emoluments, as part of a package to keep him on until the operations he oversaw were sold.
The bumper pay package was more than what the rest of Nobles executive directors received combined last year and is $5m more than what perpetual bond holders stand t…
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